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Jan 20, 2013
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we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just overreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. a plus for him. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to acknowledge him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second t
we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just overreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%,...
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Jan 19, 2013
01/13
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ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path an
ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill...
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Jan 15, 2013
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Jan 18, 2013
01/13
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might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the heavy side today. if you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. as for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global economy. >> you get this, this real tight hugging of the flat line friday. monday, tuesday, wednesday and then again today.
might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the...
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Jan 15, 2013
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understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an environment where the business
understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded?...
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Jan 17, 2013
01/13
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there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spend
there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going...
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Jan 16, 2013
01/13
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kind on the debt ceiling. it's pushing them away and fitch says, watch out, here comes a downgrade. this is entirely possible with very serious consequences. >> sean: he could use the kids tomorrow as he announces executive orders as props. >> exploit them. >> sean: exploit them, i agree, that's the right term. interesting, is he going to say to them, by the way i'm the guy that's giving you 10 trillion dollars in debt? is he going to say i'm sorry i broke open your piggy bank, young children? i tend to doubt it. the guy won't deal with spending, stuart. >> no, he will not deal with spending, under any circumstances this president will not cut spending, he will not negotiate on that issue, he will not cut spending. his policy is exactly the same now as it has been for the last four years, which is tax the rich, do not cut spending, ignore the buildup in the debt. he now owns this economy. it is his, it's got his name written all over it. >> sean: he was blaming the republicans, they forced me he to sign these
kind on the debt ceiling. it's pushing them away and fitch says, watch out, here comes a downgrade. this is entirely possible with very serious consequences. >> sean: he could use the kids tomorrow as he announces executive orders as props. >> exploit them. >> sean: exploit them, i agree, that's the right term. interesting, is he going to say to them, by the way i'm the guy that's giving you 10 trillion dollars in debt? is he going to say i'm sorry i broke open your piggy...
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Jan 20, 2013
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they are hoping the timing will be better to deal with the sequestration with the debt ceiling but that is cosmetics. john is right. the premise of your question is right. this is a party that lost its way, lost its vision, lost its approach and the president is trying --. >>gregg: the president's approval rating is 53 percent and negative 48 percent and that is almost the lowest of any second-term president in six decades. nixon did better than that. however, look at the house of representatives republicans. they are showing disapproval rating at 73 percent. >> they have been perceived at negative, out of touch positions that are not popular. >>gregg: gay rights and tax rights? >> and they fit into the demonization they are protecting the rights of the rich. >> they do not have a pro growth agenda, creating jobs, they do not have a message. >>gregg: and the republican party is out of touch according to six in ten. five in ten, they rank poor on climate change and women's issue. >> there is a center right agenda that is solid majority of the american people buy into, but bottom line, th
they are hoping the timing will be better to deal with the sequestration with the debt ceiling but that is cosmetics. john is right. the premise of your question is right. this is a party that lost its way, lost its vision, lost its approach and the president is trying --. >>gregg: the president's approval rating is 53 percent and negative 48 percent and that is almost the lowest of any second-term president in six decades. nixon did better than that. however, look at the house of...
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Jan 20, 2013
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on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of them, but the republicans have some caveats to that and want to make sure that the senate democrats pass a budget. something they haven't done in the last four years and put some heat on the democrats right there. even as both sides are talking about coming together on some of this, there's going to be an edge to it as well. let's not forget the president is still dealing with high unemployment. and wants to focus on gun control, immigration reform and get those done in the second term and still got things left over from the first term. stubbornly high unemployment said he's going to cut the budget def
on not slamming-- or raising the debt ceiling, just the tone, jay carney saying he's encouraged and the republicans trying to beat a deadline and things might be different. >> sure, i don't think anyone in this town is under any illusion, and magically the republicans and democrats are coming together and solve all of these big problems and singing kumbayah. but there are a host of things where they want to come together and find some common ground and the debt ceiling might be one of...
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Jan 14, 2013
01/13
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deal with the debt ceiling issue later, pay the bills first, and have this debate over whether or not it's a good idea, and how it's responsible to actually deal with the federal deficit? >> i think right now, in the united states of america, the people, forget about congress, forget about -- let's talk about the people, the personal financial issues here. they need to know that if they're getting unemployment or they're getting social security, unemployment, not so much, but social security, veterans benefit, small businesses, they need to know that their future is secure. that they're not all of a sudden going to get something and say, sorry, you don't get your paycheck, that they're living on. and when they start to get afraid, they stop spending money. when they stop spending money, the whole economy suffers. so why can't you just say to them, of course we're going to be raising the debt ceiling. we don't actually have a choice. take that fare out of their lives and then let's deal with the problem that they haven't been able to deal with for years now, but hopefully they'll be ab
deal with the debt ceiling issue later, pay the bills first, and have this debate over whether or not it's a good idea, and how it's responsible to actually deal with the federal deficit? >> i think right now, in the united states of america, the people, forget about congress, forget about -- let's talk about the people, the personal financial issues here. they need to know that if they're getting unemployment or they're getting social security, unemployment, not so much, but social...
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Jan 15, 2013
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ahead of the debt ceiling debate alan simpson will join me. we'll get his take on that and a lot more. stay with us. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. . >>> welcome back. okay. some painful news for drug-maker johnson & johnson. cvs says it will not carry its tylenol products in its stores after years of disruption. pfizer is the news
ahead of the debt ceiling debate alan simpson will join me. we'll get his take on that and a lot more. stay with us. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business...
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Jan 18, 2013
01/13
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CURRENT
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and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt ceiling, and that's when you will have very active negotiations over the budget. what the house has effectively done is put this on a similar path, a
and then they can say at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to...
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Jan 19, 2013
01/13
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maybe a bit of an olive branch saying three month extension in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the question we asked. is government spending being managed carefully or out of control? not surprisingly now 83% of you say that it is out of control verses just 11% who say it's managed carefully and those numbers have become more extreme in the past two and three years. >> here is another big question we asked you fox news poll should the debt limit be raised again? of course it's been raised every year. the majority of you said only after major cuts are put in place. 69%. yes, it would be reckless not to raise the debt ceiling. >> which of course is president obama's position, 23% one there because he says
maybe a bit of an olive branch saying three month extension in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the...
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Jan 15, 2013
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ceiling in his mind. if he doesn't create spending or a spending cut, what happens? we've come to a stand still? >> look, the first move, the house republicans, the house has to move first, and i think we've got to show the country we're serious about curbing back spending and we've got to send that over to the senate and the senate has to act. remember, it's more than three or four years now since the senate has actually passed a budget. not only do we have problems getting a budget out of the white house, but the democrats are producing-- >> you're working this out for me. you send it over to the senate, what happens. >> the classic let's not wait till the deadline. the senate has to act. if week show in the house we're acting responsibly, curbing back spending and putting ourselves on a trajectory and cutting the deficit and over the course of time balancing the budget we'll be the responsible party. >> greta: the president says he's not going to do that. >> the president says i'll be irrelevant. >> gr
ceiling in his mind. if he doesn't create spending or a spending cut, what happens? we've come to a stand still? >> look, the first move, the house republicans, the house has to move first, and i think we've got to show the country we're serious about curbing back spending and we've got to send that over to the senate and the senate has to act. remember, it's more than three or four years now since the senate has actually passed a budget. not only do we have problems getting a budget out...
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Jan 16, 2013
01/13
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you and i are of the view we shouldn't have gotten into this because the debt ceiling should be part of the prior deals. >> as it was in every previous administration. >> right. >> as we know. eliot, good to visit with you this morning. talk to you again soon. >> have a good one >> bill: eliott spitzer, former governor of new york. former co- -- or host here on current tv. good friend, political commentate commentate, writes for slight, follow on twitter @eliotspitzer. [ music ] destined to take them over. ♪ ♪ the sirius xm satellite radio in the 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. @Ñhd with the explosive yet reflective, jerry springer and we'll find out which one of these camera guys is a secret baby daddy. >> only on current tv. [ music ] >> this is "the bill press show." >> all right. in the next hour, evan mcmorrison turo from talking points memo in studio as a friend of bill and we'll be joined by congress woman january shakowski from illinois, talking about the government shutdown and
you and i are of the view we shouldn't have gotten into this because the debt ceiling should be part of the prior deals. >> as it was in every previous administration. >> right. >> as we know. eliot, good to visit with you this morning. talk to you again soon. >> have a good one >> bill: eliott spitzer, former governor of new york. former co- -- or host here on current tv. good friend, political commentate commentate, writes for slight, follow on twitter...
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Jan 20, 2013
01/13
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. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work to do. there's a lot of resistance in the states. that's going to be a struggle. >> one piece of that is in 1997 we did a balanced budget deal. one thing that happened when that period of republicans and democrats came together was step back and as part of consolidating the budget, they shift resources. that was the deal. it was a deficit reduction deal. one thing it created was a children's health program. it's functioning today. it isn't the case of periods of deficit consolidation. it's not just cutting and grinding these things out. how to run a smarter government and run things into resources we n
. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work...
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Jan 18, 2013
01/13
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ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in their minority position, they can look at this and see, well, there is some gain to be gotten here if we keep pushing on this. i think the flip side of this is also a big challenge for the president. if he really wants to unshackle the economy, if he wants to get more robust economic growth, does he not want to be more proactive about dealing with some of these entitlements, with dealing with the budget picture, even where he has real problems with his supposed, you know, partners in this to republicans? does h
ceiling deal. and by the way, the president's intransigence on this, this idea that he won't negotiate, republicans are looking at this and saying, well, we actually did get a fair amount of spending cuts the last time we fought on the debt ceiling in the budget control act of last year. the president said that this deal now would have to include an extension of the debt ceiling that they just got to avoid the fiscal cliff. well, he ultimately folded on that. so as a tactical matter, even in...
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Jan 18, 2013
01/13
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with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public psyche in a way i have never seen before. the image of first graders, not only shot, but riddled w
with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score,...
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Jan 14, 2013
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you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end of 2011, it was an issue where you're going to be watching on tv that the soldiers that protect our freedom, are they going to get their check? soldiers that came back wounded from the first gulf war, are they going to get their check? that is going to be the issue on the front page, grover, is it not? >> and august of 2011 we had all the same screaming. i did all the television shows where people said taxpayers are causing the problems. i said the president is. we won, he lost. we got the spending cuts which he's trying to fight still but he got his debt ceiling
you pay your debts first and then you deal with other spending. the president's tried to turn that upside down by saying he would cancel the debt. he can't do it. he won't do it. he's lying when he says that's what he will do. i think we have a conversation over the next two months reminding the american people that we will pay our debts but we won't pay obama's crazy overspending. >> the people are in charge. whether it's jack lew or tim geithner if you remember what happened at the end...
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Jan 15, 2013
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at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting discussion or at least a lot less leverage. >> bill: the other big topic, the only other topic actually raised at the news conference yesterday other than whether or not you elect a party, president likes to have a party. was the issue of guns where the president was not specific because he hasn't seen -- or wasn't ready to list all of the recommendations that may have come out of the biden task force. but the president did express and repeat his resolve to do something about this issue of gun violence. no doubt about that, was there? >> no. while he put off getting into the details a little bit, he
at one point if you remember, the president was hoping he could get a debt ceiling deal tied to the fiscal cliff negotiation. that didn't happen. the republicans gave up that negotiation. but they're hoping that the debt ceiling raising will give them the leverage that they need to get what they want when it comes to spending cuts. the president hopes though that he can by delegitimizing this idea of having the debt ceiling as a debate, have them have no leverage going into the deficit-cutting...
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Jan 16, 2013
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ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to find unity. that is the ultimate object tiff for the retreat. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new troubles for boeing's airliners. troubles grounding all the 787s in japan's after one of the jets was forced to make a emergency landing today. dan springer is in seattle with the details on what happened. none of these planes have crashed, no serious injuries but still a big problem for boeing, huh? >> reporter: that's right. for more perspective, jon, worldwide there are six 787s flying. four of them left to the u.s. or coming to the u.s.. this is not a worldwide panic. this latest incident happened in western japan
ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to find unity. that is the ultimate object tiff for the retreat. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new...
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Jan 18, 2013
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>> what it might have been had there not be crisis after crisis dealing with the debt ceiling. >> you said last night, you've got to put on a yogi bear costume to make sense of it. >> returning a lot to shareholders. >> one wonders. >> $12 million they're talking about. >> they have been increasing, of course, ever since the huge cuts that had to take place. what is it going to be now, four years ago, right? >> that period, $6. >> yeah. >> march of '09. amazing, coming up on the four-year anniversary. >> do you ever worry about your paycheck? >> yeah. i think you worry about money you had in any bank account or anything. sure. ge was to cushifocused in the ff '08, that was the moment where it could all come to -- >> that was after the ge bailout. >> sorry, not to revisit the -- >> we have to remind people where we came from. tim geithner leaving, david faber is worried about his paycheck. >> speaking of paychecks, let's talk morgan stanley. wall street firm reporting fourth quarter earnings 45 earlier on squawk, james gorman said his firm is poised to improved market environment. whic
>> what it might have been had there not be crisis after crisis dealing with the debt ceiling. >> you said last night, you've got to put on a yogi bear costume to make sense of it. >> returning a lot to shareholders. >> one wonders. >> $12 million they're talking about. >> they have been increasing, of course, ever since the huge cuts that had to take place. what is it going to be now, four years ago, right? >> that period, $6. >> yeah. >>...
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Jan 15, 2013
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they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the deficit, america cannot afford another debate with this congress about whether or not they should pay the bills they have racked up. what i will not do is to have that negotiation with gun at the head of the people. >> dana: interesting choice of words to describe that. eric, you talked about not wanting the country to lurch from crisis to crisis. most americans would agree and want washington to fix fundamental problems. why do we have to have the debate every three months? >> eric: sure. start with the debt ceiling and how it came about. prior to world war i, everybody was paid
they could default on the debt, unless the debt ceiling is raised. republicans want the president to cut spending before they i gree on a deal. but the president at no time seem eager for compromise. listen. >> we have to stop lurking from crisis to crisis to crisis. when there is a clear pass that requires discipline, responsibility and compromise. >> dana: yet, he showed little willingness to do so. >> i'm willing to compromise and find common ground over how to reduce the...
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Jan 14, 2013
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so they are putting it right back on congress, you've got to deal with this debt ceiling issue and they think they can win that argument. obviously we're going to hear questions about guns. we flknow that the president's people say he is committed to the assault weapons ban, magazine ban on the magazines and also to background checks, whether or not those and other issues can get through, they don't think that there's much he can do by executive action. >> andrea mitchell, see you at 1:00. thanks for joining me. >> thanks, thomas. >>> want to take you back now to the white house. peter alexander is standing by now. now we're getting word the press conference has been pushed back to 11:40. just to give people behind the curtains look here. 11:15 and then 11:30 and now 11:40. i'm saying hi noon. >> high noon sounds good in is often the way this plays out. this morning it came as a surprise to most of the in the white house press corp. was was taking place tonight. he hadn't been given a head unthere would be a news conference with the today until just this morning. really there hasn't bee
so they are putting it right back on congress, you've got to deal with this debt ceiling issue and they think they can win that argument. obviously we're going to hear questions about guns. we flknow that the president's people say he is committed to the assault weapons ban, magazine ban on the magazines and also to background checks, whether or not those and other issues can get through, they don't think that there's much he can do by executive action. >> andrea mitchell, see you at...
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Jan 19, 2013
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with regard to the debt ceiling, here we go again. the republican party, if it goes along with this deal in my opinion ought to change its name to the caveman party and boehner and mcconnell would be the cavemen in chief, because every time we come to this debt ceiling what do the republicans do? they give in. and every amount of money that this country spends is showing it's unsustainable. we've got to reform them and get our budget in order and we've got to get our spending under control. host: lori who is one of the 65 people on facebook who has commented on this this morning says that this makes the seventh debt ceiling plays the obama's term while the democratically-controlled senate hasn't passed a budget. it seems silly -- logical to me at but he'll -- by the way, it gives an advertisement to our plans for inauguration weekend. all-day coverage. you can tune in on sunday and monday for activities monday all day starting at 7:00 a.m. and sunday for the official swearing in at the white house. again, if you want more information
with regard to the debt ceiling, here we go again. the republican party, if it goes along with this deal in my opinion ought to change its name to the caveman party and boehner and mcconnell would be the cavemen in chief, because every time we come to this debt ceiling what do the republicans do? they give in. and every amount of money that this country spends is showing it's unsustainable. we've got to reform them and get our budget in order and we've got to get our spending under control....
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Jan 16, 2013
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., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not already happened. what do you think? >> i know, i just, you know there isal this talk if we get into a big fight over trying to reduce entitlements and making a long-term solution to this, that fitch or some rating agencies may cut our credit rating at this point. if that is what they are doing, they have it backwards. what they should do is they should look at reducing our cre
., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not...
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Jan 16, 2013
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really is story is about growth just like with our debt ceiling. it's not about how you go about the messiness to fix it. it really should be about the debt ceiling itself. i'm sure the germans are particular. they had a good 2012. i expect these numbers to go up a bit. i look at german manufacturers like mercedes benz, vovolkswage. japanese exporters like nissan, toyota. i think the battlefield first and foremost is going to be on the war side on the export side. remember, japan achbd germany, the percentive of their exporting that figures into their total economy is so much larger, for example, than the u.s. our numbers are reasonable and our growth is substantial. we went from 1 trillion to basically 1.5 trillion. the point is they are great trades out there. the traders op these floor now have more spread on currency cross charts in their folios to get ready to strat jaegize. there's a lot of hedging. this is something to watch. when the 2012 figures come out we are going to look at them apd we're going to try to gauge exactly how much of a for
really is story is about growth just like with our debt ceiling. it's not about how you go about the messiness to fix it. it really should be about the debt ceiling itself. i'm sure the germans are particular. they had a good 2012. i expect these numbers to go up a bit. i look at german manufacturers like mercedes benz, vovolkswage. japanese exporters like nissan, toyota. i think the battlefield first and foremost is going to be on the war side on the export side. remember, japan achbd germany,...
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Jan 15, 2013
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on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you characterize it. he seemed to fill in the blank " >> i would say congeal. meaning that he tried to portray himself as reasonable and said that there was now negotiating and the debt ceiling, lesley because he is in a strong position politically in that the most would agree that the republicans are showing no signs of real life. lou: do you agree? >> i think the republicans rolled over and play dead. at this point in time they will draw a line in the sand. no believe they should shut government down, but i think this is a position where they need to make their case known. the president said over and ov
on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he put it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you...
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Jan 16, 2013
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with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot basically be moved for what we need to do. and so that will leave us adequate time to tackle the longerrer-range problems -- the longer-range problems. we're not going to accomplish tax reform in the next six weeks. but we need to, essentially, deal with the sequester, essentially find a balanced approach that's going to raise a trillion dollars or close to it. and so that's why i have some optimism, because we need to face up to the next six weeks, resolve it and then move on. >> rick?
with the debt ceiling, the need to deal with the looming she quester and the house republicans' concern that if they do anything on tax reform, that they may leave themselves up to the senate not to take action, and, therefore, they've taken an unpopular vote for no reason. why are you optimistic on tax reform? >> first of all, we have to resolve this debt can crisis in terms of -- this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. in the next...
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Jan 16, 2013
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and the credit agencies say they are going to lower our ratings but not because of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things. i'm going to continue to cosponsor senator haopl me's plan. we have a spending problem in this country. they know it in wyoming, families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. in the last hour stewart varney and martha talked about some of the abuses that continue to go on. people know that their tax dollars are being wasted. we need to get the spending under control. bill: two days ago brit hume told us this w
and the credit agencies say they are going to lower our ratings but not because of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things....
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Jan 16, 2013
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the president simply will not offer any compromise on federal spending that might get a debt deal done. on guns as we just heard, is he threatening executive orders. so i think the president simply wants to damage the republicans rather than solve complicated problems, at least at this juncture. joining us from washington with his take fox news political analyst charles krauthammer. i see it as a chess game. rather than both parties working together to get some gun legislation that might help folks control criminals in that area and rather than getting the debt ceiling done with some, you know, meaningful cuts in spending, the president says, you know, i'm not even going to bother. i want to alienate the republicans so that people will be angry with them. am i wrong? he has been doing that since elections day, i wrote a column ever since september pointing out entire strategy for the fiscal cliff was to split the republicans. it had nothing to do his offers had nothing to do with solving the fiscal issue or solving the debt. he showed nothing to solve the debt since he was elected in 2
the president simply will not offer any compromise on federal spending that might get a debt deal done. on guns as we just heard, is he threatening executive orders. so i think the president simply wants to damage the republicans rather than solve complicated problems, at least at this juncture. joining us from washington with his take fox news political analyst charles krauthammer. i see it as a chess game. rather than both parties working together to get some gun legislation that might help...
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Jan 17, 2013
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with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have you nan hit in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is a need to respond to the carnage on our streets and in our schools. i hope we all agree that mass shootings like the one we witnessed in newtown 34 days ago cannot be continued to be tolerated. that tragedy has affected the public in a way i have never seen before. the image of first graders, not only shot, but riddled wit
with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they allr today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that...
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Jan 21, 2013
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he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden. this is the joe biden that those of us who have covered him for quite some time know pretty well. i mean, it's unvarnished. this is not his parade but he's kind of turning it into his parade. i think he knows, wolf, that this could be his last parade unless he does run again. he wouldn't commit to me one way or another. i think he's surely thinking about it. we were talking here about how fit joe biden is. for a man his age. when i was -- i interviewed him in the old executive office building on friday. look at him run. and that's how he walks down the hall at the ol
he closed the deal on the debt ceiling with mitch mcconnell. he was the spokesman for the gun initiative. these are high-profile roles that presidents don't have to give to vice presidents. this is how important joe biden has become in this administration. >> they clearly have an incredible relationship. gloria borger just spent some time with the vice president. gloria, if you can hear me, talk a little about what we're seeing right now. >> i think you're seeing vintage joe biden....
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Jan 21, 2013
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ceiling. they are not ruling out. democrats have a ten-point advantage, 55-45. you only need 40. there could be a real showdown if the republicans stick together. they say they are not in the mood to, essentially, they say compromise on things that are poor principles for them. they are more geared up to fight and take on some of these legislative battles. for the next four years we will see. we will have another midterm election that could change the makeup of the house and senate again. that will have a big impact on his last two years in office as well. neil: we are just getting a shot at sasha and melia, the president's daughters. they have grown in the last four years. and his mother in law. this is the first president in more than a generation who has his mother-in-law living at the white house. good or bad, he has his mother-in-law living at the white house. that should be, at some levels, admired. it is what it is. she is very instrumental in raising the girls and keeping them grounded
ceiling. they are not ruling out. democrats have a ten-point advantage, 55-45. you only need 40. there could be a real showdown if the republicans stick together. they say they are not in the mood to, essentially, they say compromise on things that are poor principles for them. they are more geared up to fight and take on some of these legislative battles. for the next four years we will see. we will have another midterm election that could change the makeup of the house and senate again. that...